Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Stocks in Asia fell Monday morning following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
The market sell-off is likely to continue and could get worse before it gets better, Wall Street veteran Jim Paulsen told CNBC.
The chief investment strategist at The Leuthold Group said the stock market is torn between dueling issues: continuing concerns that the economy is overheating and now what he calls a "stagflation mindset." Stagflation has been defined as a rare economic phenomenon of inflation, a drop in business activity, and a rise in unemployment.
"What we got is escalating fears of recession, but at the same time we're still dealing with overheat pressures," Paulsen said Wednesday on "Closing Bell." "And I think we're going to have to kill off concerns about inflation, and that probably means a deeper correction and even weaker economic growth before this bull can continue."
Investors sold stocks Wednesday after the Fed approved a quarter-point rise interest rate hike. The major indexes all closed at their lows for the year. The sell-off continued Thursday as equities were down midmorning, with the Dow off more than 100 points.
Last month Paulsen said that investors would be more pessimistic about a recession when the stock market reaches a bottom.
A CNBC Fed Survey this month illustrated that economists, fund managers and strategists are growing more worried about economic growth and that a recession could come next year. Chief financial officers are gradually picking up on those fears as well.
"I think the central problem is not that we've had overheat issues, we've had those all year ... [and] we had a good economy to offset them," Paulsen said. "This is the first time in the recovery that we have had worries, in my view, about [stagflation] ... and when you have a stagflation mindset in the stock market, it's a tough path for the bull."